CNBC Television Nike shares increase over triple-growth in online sales

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Nike reported quarterly sales and earnings that topped analysts’ estimates. The footwear company saw triple-digit growth online in North America and strong demand for its sneakers and workout apparel. Sam Poser, Susquehanna Financial Group senior research analyst, joins ‘Closing Bell’ to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America and strong demand for its sneakers and workout apparel from Chinese consumers. Its shares jumped more than 4% in after-hours trading. Here’s how the company did during its fiscal second quarter, compared with what analysts were expecting, based on Refinitiv data: Earnings per share: 78 cents vs. 62 cents, expected Revenue: $ billion vs. $ billion, expected For the three-month period ended Nov. 30, Nike reported net income of $ billion, or 78 cents per share, up from $ billion, or 70 cents a share, a year earlier. Analysts had been calling for earnings of 68 cents per share. Revenue grew 9% year over year to hit $ billion, up from $ billion a year ago. That was better than the $ billion expected by analysts. Nike said its digital sales for its namesake brand were up 84% during the quarter, as more shoppers visited its website during the pandemic to buy athletic apparel and footwear to keep up their fitness routines and personal health. That helped to offset declines at its wholesale partners, the company said, and in its own brick-and-mortar stores, with fewer people feeling comfortable leaving their homes to shop due to the global health crisis. Sales at the Converse brand, which is owned by Nike, fell 1% during the second quarter. In Greater China, Nike’s revenue grew 24%, compared with year-over-year growth of just 1% in North America. With sales somewhat stagnant on its home turf, Nike has been doubling down on the China market, seeing the region as a key growth opportunity for the brand. Over the summer, it opened a new kind of store, called Nike Rise, at a mall in Guangzhou, which holds local meetups for its mobile-app users. Nike sits alongside Lululemon, Dick’s Sporting Goods and other retailers that sell workout gear and sports equipment that have rebounded more quickly this year. Other apparel retailers, particularly those centered around work wear and dresses, have struggled. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV